For immediate release
June 26, 2003
Toyota Announces Executive Personnel and Organizational Changes
Tokyo — TOYOTA MOTOR CORPORATION (TMC) announced a new board of directors and new corporate auditors, among other changes in accordance with its new management system, at its annual general shareholders meeting today.

The changes, including appointments to the new non-board post of managing officer, were approved at a board meeting following the general shareholders meeting. Also approved were the areas of responsibility for each executive vice president, the overseeing and coordinating roles of each senior managing director and the organizational duties of each managing officer.

Details of the new board, managing officers and corporate auditors, as well as of changes in TMC's organizational structure, are as follows:
  1. Executives and corporate auditors

    1. Members of the Board of Directors (27 people)

    2. Managing officers (39 people)

    3. Corporate auditors (7 people) (Asterisk indicates new appointee.)

    4. Retiring directors (9 people)

    5. Retiring auditors (3 people)



  2. Organizational changes

    1. At the group level

    2. At the center and division level

As a result of the above changes, the number of divisions will increase from 209 to 212.

Copyright 2003 Toyota Motor Corporation. All Rights Reserved.
The information in this release speaks as of the date issued. Toyota Motor Corporation does not, does not intend to, and expressly disclaims any duty to, update or correct such information.